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Politics : Did Slick Boink Monica? -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (7895)	2/20/1998 5:59:00 PM
From: Lady Lurksalot	Respond to of 20981

David, As I recall (sound familiar?) during the Nixon and Ford Administrations, there were television commercials--during primetime-- which encouraged us, the public, to not be greedy. One of the commercials admonished us, suggesting we were demanding wages out of proportion to the value of the work we performed. Others of this series of commercials espoused similar homilies. These commercials were paid for by guess who? Holly

To: DMaA who wrote (7895)	2/20/1998 6:06:00 PM
From: BlueCrab	Respond to of 20981

Dave -- <<Was the idea that citizens somehow caused inflation (not govm't monetary policy ) so citizens could stop inflation?>> Neither (or both) were responsible. We had spent massive amounts of chango on Vietnam and the Police Action on Poverty, not to mention our continuing cold war expenses. Those expenses took out a fairly comfortable cushion of fiscal potential. When we were blind-sided with a massive increase in the price of oil (and by extension all other fuels and most mineral commodities), it got ugly, and there was little we could do about it except adjust. As I recall, that took until about 1983-84, after the corners got cleaned out by recession.